Dr Martens aims to save £25m as profits fall

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British footwear brand Dr Martens has announced its preliminary results for the 2022/23 financial year, reporting a significant decline in profits. The company’s global pre-tax profits fell by almost 43% to £97m, while revenue also saw a 12% drop to £877m from just over £1bn the previous year. According to the company, the disappointing performance was largely due to weak consumer demand in its…

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